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Oregon · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 OregonReal estate licensing in Oregon is administered by the Oregon Real Estate Agency (OREA). The entry-level license is called a 'broker' (not 'salesperson'), and every broker must work under and be supervised by a principal broker who is responsible for the brokerage's transactions and trust accounts. To qualify, an applicant must complete 150 hours of approved pre-license education, pass the licensing exam, and submit to a background check. A principal broker is a higher-level license that authorizes a person to operate and supervise a real estate business.
Yes. State License Law is a scored domain on the Oregon real estate licensing exam, and this topic appears in the state license-law portion.
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Oregon applies its own license law on top of the national portion. This page covers the Oregon rules specifically, which is what the state section of your exam tests.